anthonypaul
16

Out of 12 % of company contribution, 8.33 % on basic salary or maximum Rs 542/- per month goes to Employees Pension Fund as per PF act, 1952 and Employees Pension Scheme, 1995. Remaining 3.67 % on basic salary goes to PF account. What you are seeing in the PF statement under employer's contribution is 3.67 % only on basic salary. Balance contribution has gone to Employees Pension Fund. The amount contributed towards pension fund is remitted every month in your pension account, which is maintained by Regional Provident Fund Commissioner, Bangalore. The PF statement does not contain pension contribution details since it is maintained by PF’s office, Bangalore rgds Anthony.
From United States, Palo Alto
nryogi
The employer's contribution of p f can not be claimed for exemption by employee.& it's also not taxable (it's not an income).your contribn towards p f exempted undr 80c -up to a max.of 1.00 lac
n r yogi

From India, Bangalore
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